A Dream to the United States of America episode 2

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Date: August 1, 2025

In retrospect, the last episode delved into a place where a fraction of every country's population wants to be and what could be the underlying cause of recurring aspiration and migration to the United States of America despite recent migration policies and restrictions. Here is a perspective through the Nigerian lens:

There was a time the Nigerian naira had more value than the dollar. Then, no one would have intended to travel elsewhere—especially the United States of America if it weren't for the following reasons:

1. Education
2. Tourism
3. Business
4. Growing Entertainment Industry

Naira gained strength over the dollar between 1973 and 1981, influenced by the discovery of oil and oil boom in Nigeria. At that time, the Arab-Israeli war had disrupted oil export from oil-producing nations, making Nigeria the largest oil producer and exporter at the time.

Years When Naira Surpassed the U.S. Dollar

Year Exchange Rate (₦1) Dollar Equivalent Status
1973₦1 = $1.52$1.52Naira Stronger
1974₦1 = $1.56$1.56Naira Stronger
1975₦1 = $1.54$1.54Naira Stronger
1976₦1 = $1.55$1.55Naira Stronger
1977₦1 = $1.62$1.62Naira Stronger
1978₦1 = $1.64$1.64Naira Stronger
1979₦1 = $1.66$1.66Peak Strength
1980₦1 = $1.14$1.14Naira Stronger
1981₦1 = $1.20$1.20Naira Stronger

Elaboration on reasons highlighted

1. Education – Some Nigerians aimed for top-notch institutions equipped with good instructional materials (such as a library, teaching aids etc.). They also desired an environment of learning surrounded by quality mentorship and tutorship.

2. Tourism – Many Nigerians traveled for tourism and most of them returned immediately after the duration of their stay.

3. Business – Government missions traveled for duties. Oil representatives from the oil sector often visited the U.S.A for negotiations including OPEC meetings. Some individuals acted as intermediaries for imported goods such as electronics and machinery. Logistics to improve supply chains were necessary, and there were students who benefited from scholarship or sponsorship who transitioned into this line of business after graduation .

Conclusion

Yesterday was history. Today is not yet—but by the progression of time, tomorrow will make today a part of history.
The next episode will elaborate more on how entertainment influenced migration to the U.S. through the Nigerian lens.

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